Due to the challenging market situation relating to raw veneers, the JAF Group has decided to provisionally discontinue its production of raw veneers at the Group’s J.F.Furnir plant in the Romanian city of Braşov with effect from October.
Bankruptcy
Cascades' Etobicoke Containerboard Packaging operations will permanently close no later than August 31, 2021, and the property will be put up for sale. Over the coming weeks and months, Cascades will work to minimize the impact of this announcement on the 125 employees related to this facility.
This action would result in annual savings of approximately Euro 11 million.
Verso will indefinitely idle paper mills in Duluth, Minnesota, and Wisconsin Rapids, Wisconsin, while exploring viable and sustainable alternatives for both mills, including restarting if market conditions improve, marketing for sale or closing permanently.
UPM Plywood is planning to permanently close its Jyväskylä plywood mill in Finland, which is producing spruce and birch plywood. The company starts a consultation process concerning the entire personnel working at the mill. UPM Jyväskylä plywood mill employs 167 people.
Cascades Inc. announces the closure of the Brown Containerboard Packaging facility located in Burlington, Ontario, Canada, as part of the Corporation's continuing optimization initiatives for its Containerboard Packaging business.
Canfor Corporation will be closing its Isle Pierre sawmill, which is located near Prince George, British Columbia, Canada. The closure will take effect in the 3Q 2020 following an orderly wind down of operations.
The internationally operating Felix Schoeller Group from Osnabrück, Germany is responding to the weakening market demand caused by Corona with a package of measures. The company has adjusted its capacities for the production of specialty papers.
Graphic Packaging Holding Company announces the planned closure of the 70,000 ton White Pigeon, Michigan CRB mill and the 120,000 ton PM1 containerboard machine in West Monroe, Louisiana. Both closures will be effective June 30, 2020.
Bid Group permanently closes its Canal Flats manufacturing facility in British Columbia, Canada. Market conditions continue to deteriorate as a result of the COVID-19 pandemic with many of its customers announcing both production curtailments and significantly reduced capital spending for this year and 2021.
The Board of Directors of Bergs Timber has decided to immediately initiate discussion with the unions to close Gransjö sawmill in Sweden. The sawmilling business will cease as soon as possible and the remaining business during the autumn 2020. The closure will affect about 45 employees.